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Baldwin, Inc. had the following balances and transactions during 2025 : What would be reported as Cost of Goods Sold on the income statement for

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Baldwin, Inc. had the following balances and transactions during 2025 : What would be reported as Cost of Goods Sold on the income statement for the year ending December 31,2025 if the perpetual inventory system and the first - in, first - out inventory costing method are used? A. $12,300 B. $16,700 C. $20,800 D. $33,550

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